Tanker Rates Nearly Halve As Hormuz Shipping Normalizes
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Source: Zero Hedge
Published: 2026-06-27 05:40 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Asia, Energy, China, Asia Pacific
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Snippet:
The recent spike in the cost to hire a supertanker carrying 2 million barrels of crude from Saudi Arabia to China is now being sharply reversed, as more shippers send vessels through the Strait of Hormuz and normalization trends continue to improve.
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